Binance Hacker Pivots to THORChain to Launder Stolen SOL into BTC
According to Lookonchain, the hacker behind the $6.3 billion Binance exploit is now routing stolen SOL through a multi-step swap chain to end up with BTC.
The laundering path so far:
- Stolen SOL is dispersed across multiple wallets
- SOL is sold for USDC
- USDC is bridged to Ethereum to buy ETH
- ETH is then swapped into BTC via THORChain
Each hop makes the funds harder to trace, and the move to THORChain shows the hacker is still actively converting the haul rather than sitting on the original stolen assets.
$SOL $BTC $ETH
According to Lookonchain, the hacker behind the $6.3 billion Binance exploit is now routing stolen SOL through a multi-step swap chain to end up with BTC.
The laundering path so far:
- Stolen SOL is dispersed across multiple wallets
- SOL is sold for USDC
- USDC is bridged to Ethereum to buy ETH
- ETH is then swapped into BTC via THORChain
Each hop makes the funds harder to trace, and the move to THORChain shows the hacker is still actively converting the haul rather than sitting on the original stolen assets.
$SOL $BTC $ETH
